Client Money Protection Law comes into force on 1 April 2019
21 February 2019
From 1 April 2019 it will be compulsory for all lettings agents in England to be a member of a government approved Client Money Protection scheme.
Under the new legislation, monies held by lettings agents on behalf of their clients, for example rents received from tenants, will have to be insured, which is great news for landlords and tenants alike, and should prevent the rise of rogue agencies absconding with clients’ money. Landlords and tenants are advised to always ensure that the agents they choose are members of an approved Client Money Protection scheme.
Boococks is wholly owned by Wilkinson Woodward Solicitors, one of Halifax’s most established and trusted legal practices and, as such, our clients’ monies are protected by The Solicitors Regulation Authority.
For more information contact our friendly Lettings team on 01422 386376.